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Stay Updated with the Latest News from the International Trade Council and Our Members

U.S. and Hungary Strengthen Trade and Economic Cooperation

February 19, 2025

Jessica Jumaway

U.S. Treasury Secretary Scott Bessent and Hungary’s Foreign Minister Peter Szijjarto met on Wednesday to discuss expanding economic and trade cooperation, reinforcing the strong partnership between the two nations. The meeting highlighted shared priorities in fostering investment opportunities and enhancing bilateral trade relations.   Secretary Bessent emphasized the growing economic ties between the U.S. and […]

Uzbekistan Strengthens Support for Small Farmers to Boost Agricultural Exports

February 19, 2025

Jessica Jumaway

Uzbekistan is taking significant steps to support small farmers and enhance agricultural exports through newly approved initiatives aimed at fostering economic growth. President Shavkat Mirziyoyev has introduced a strategic plan to advance agricultural development, focusing on increasing fruit production and ensuring higher export potential.   The Ministry of Employment and Poverty Reduction will oversee efforts […]

Vietnam’s Shrimp Exports Surge in January 2025, Set for Continued Growth in Global Trade

February 18, 2025

Jessica Jumaway

Vietnam’s shrimp export industry has kicked off 2025 with strong momentum, recording a 13% increase in export value in January. According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached $273.3 million in the first month of the year, contributing 35.3% to the country’s total seafood export turnover.   The […]

Taiwanese Electronics Firms Plan Major Expansions in Texas, Boosting U.S. Trade Opportunities

February 18, 2025

Jessica Jumaway

Taiwanese electronics companies are set to make significant investments in Texas, marking a new chapter in expanding U.S.-Taiwan trade relations. The announcements, expected to take place in May, are poised to further strengthen the economic ties between the two nations, especially in the tech sector.   Richard Lee, chairman of the Taiwan Electrical and Electronic […]

Positive Outlook for U.S.-UK Trade Relations Despite Tariff Discussions

February 17, 2025

Jessica Jumaway

The United States is shifting its view of trade relations with the United Kingdom, marking an encouraging step toward stronger bilateral ties. British Business Secretary Jonathan Reynolds highlighted that the U.S. now sees the UK’s trade relationship in a new, positive light, appreciating the balance between both economies. This shift reflects growing opportunities for collaboration […]

Indonesia Implements New Export Regulation to Strengthen Forex Reserves and Economic Growth

February 17, 2025

Jessica Jumaway

Indonesia is taking a bold step toward enhancing its financial stability and economic resilience with the introduction of a new export regulation that is expected to add $80 billion to the nation’s foreign exchange reserves. Signed by President Prabowo Subianto, the regulation requires exporters of natural resources, excluding oil and gas, to retain their earnings […]

Italy’s Trade Surplus Expands in 2024, Reaches $57.5 Billion

February 17, 2025

Jessica Jumaway

Italy’s trade performance in 2024 reflects a positive trajectory, with the country recording a robust trade surplus of 54.92 billion euros ($57.5 billion), up from 34.01 billion euros in 2023. This growth demonstrates Italy’s continued strength in global trade, fueled by a solid export sector.   In December, Italy posted a trade surplus of 5.98 […]

Exploring Alternative Sourcing Hubs

February 17, 2025

Giezel Garcia

Identifying Cost-Effective Manufacturing Locations to Mitigate Tariffs   As trade tensions persist and new tariffs emerge, businesses importing goods from China find themselves navigating a more complex and expensive landscape. To stay profitable and flexible, many organizations have begun exploring alternative manufacturing locations outside of China—particularly in Vietnam, India, Bangladesh, Sri Lanka, Brazil, Argentina, and […]

South Korea Unveils Record $249 Billion Trade Policy Financing to Support Exporters

February 17, 2025

Jessica Jumaway

In an effort to support South Korean exporters, Acting President Choi Sang-mok announced a landmark plan to provide 360 trillion won (approximately $249.3 billion) in trade policy financing. The initiative aims to help businesses navigate the challenges posed by evolving global trade dynamics and increasing pressures from U.S. tariff policies.   At a cabinet meeting […]

Export Promotion Opportunities Arising from Latest U.S. Tariffs

February 13, 2025

Onyx

The recent imposition of additional 10% tariff on Chinese imports into the United States, along with the potential removal of the de minimis exemption of $800 per package from China, will significantly alter global trade patterns. As tariffs increase costs for U.S. importers and small shipments become subject to customs duties, there is a growing […]

DELIVER Asia 2025 to Showcase Keynotes from Pandora, Diageo, Lacoste, and More in Singapore

February 13, 2025

Jessica Jumaway

The spotlight is set to shine on Singapore as DELIVER Asia, the premier networking event for retail and supply chain innovation, debuts on 5+6 March 2025, bringing together the region’s trailblazers to tackle the industry’s most pressing challenges. This elite event connects 200+ senior retail executives, all with active logistics projects, with 30+ cutting-edge solution […]

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